New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-24
THE PHOENIX TITLE AND VALUE.


TALK WITH DELEGATE BEAN OF ARIZONA.
From The Washington Post ar Feb %.
Tho New-York press agitaed over the Phoenix
Nine In Arizona, which actively spsculated upon
IN the Stock Exchange. Some say the mine Is great
bonanza, improving each day work progresses. an
that the title thereto Is perfect while others claim that
the title ia not good AS ths stock widely held by
uators and Investors and to d-ermine veXed questions
reporter sent to interview c. Bean, Delegate In
Congress from Arizona. who is Acknowledged 10 90
thoroughly posted mining matters Ia that Territory
Mfr. Bean said,
shave long been acquainted with the intrinsic valne
OF tbe PhgniK mins. While carrying mining oper-
atons In Copper Basn n:ne miles from Prescott the old
superintendent Of the "n9nx spent good deal "f time
with me, and though not personally the grounds,
was posted from week to to the developments.
saw the assays from the face Of the workings in all
tho shafts cuts and drifts and know that the day was
not far on when the mne would command great dosl OF
money. whether mining interests were up do wn.
Vast quantities OF low Rrade freogod rock cannot prove
otherwise than profitable In future always has
done quantity nst reasonable value aud uniform
grade will fail to give tho balance the right side
OF the ledger and PhGnlx these things
arc assured beyond controversy.
The last two years have not been familiar with
the DEVELOPMENT OF tho Phenix but have long known
that there vein of free gold. GOOD for
80 to SIS ton. aud am informed by those who ara
competent to speak that the ledge opened by the
shipman tunnel Ia over hundred feet vIds and the
various shafts show that extends than twelve
hundred feet IN length. OF course have not had a
to prowi around much tho minee for the
last fifteen months to what Is going but 1t seems
to be we'll understood that the company ia working
largo force and has contracted for the erection OF
hundred stamp mi. nfty stamps he set going forth
with and fifty very shortly"
What about the utei" asked the reporter
There soms liiieation about The property Two
years BY the mine being jumped by parties
who running a small mill by. but the court
decided they hni snarOv OF title and ejected them
Tho conn In and hear that the parties
thus elected IN the East. There is no litigation
pending now. The men who jumped the mine claim to
have purchased 1t from Mr.. Seymour. but the facts
proved the trial sho ed that seymour did not own t
at ali. 1t had been owned by the Pb9nx Mining Com
pany since 1890 AMI OF could not nave been sold
by Mr. seymour Ju Porter who tined the case. was
ass-ted by Chief Justice Barnes and both decided all
poiats Ia favor OF the company AS they constitute
majority OF our Appellate Court their Judgment becomes
final"
What is the present status OF rhe oUmpanyf
The company enjoys high credit 10 Arizona. may
add that Arizona is full OF good mDrs and our courts
will protect ow ners against unlawful tezures These
junpings common. and it was the shame
OF courts that jun pers were often successful
Tho quick victory game bv the Phoenix COMPANY
sho VS. that the condition OF things has oh snged, aud
the Eastorn rely perfect uiica protsc
ton. do not hesitate TO SPEAK freely on this suocct,
y masLing Interests In Arizona are all In copper